A recent disclosure Citigroup Inc. sent to many checking account customers looks like a model of the form: prominent and succinct. But it may have been a bit too succinct.

Most of Citi's consumer checking account statements last month included a warning that, beginning April 1, the banking company would reserve the right to delay customers' access to their funds for seven days.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.